Morning Call 10/9

Barchart Morning Call

Barchart.com - Mon Oct 9, 6:47AM CDT

OVERNIGHT MARKETS AND NEWS

Dec E-mini S&Ps (ESZ17 +0.19%) this morning are up +0.16% and European stocks are up +0.04% at a 4-1/2 month high on signs the global economic recovery can continue. German Aug industrial production jumped +2.6% m/m, the biggest increase in 6-years, and Eurozone Oct Sentix investor confidence rose +1.5 to 29.7, a 10-1/4 year high. Also, the crisis in Spain eased as Spain's IBEX Stock Index is up +0.67% after a senior member of the Catalan administration called for dialogue with Spain. Turkey's ISE Stock Index slumped -3.05% and the Turkish lira fell to an 8-1/2 month low against the dollar as a diplomatic spat between the two countries escalated after both the U.S. and Turkey suspended visa services for citizens looking to visit the other country. Asian stocks settled mostly higher: Japan, Taiwan and South Korea closed for holiday. Hong Kong -0.46%, China +0.76%, Australia +0.50%, Singapore +0.01%, India +0.10%. China's Shanghai Composite rallied to a 1-3/4 year high as it reopened following a week long holiday, although prices fell back from their best levels as real estate companies retreated after the Economic Information Daily said that new home sales declined in Beijing and Shanghai during the week-long National Day holiday.

The dollar index (DXY00 -0.14%) is down -0.12%. EUR/USD (^EURUSD) is up +0.14%. USD/JPY (^USDJPY) is down -0.02%.

Dec 10-year T-note prices (ZNZ17 +0.02%) are up +2.5 ticks.

The Eurozone Oct Sentix investor confidence rose +1.5 to 29.7, stronger than expectations of +0.3 to 28.5 and the highest in 10-1/4 years.

German Aug industrial production rose +2.6% m/m, stronger than expectations of +0.9% m/m and the biggest increase in 6-years.

Boston Fed President Rosengren said, "Low inflation readings have provided monetary policy makers the opportunity to take a more patient approach to removing accommodation than in recent recoveries, however, failing to respond to very tight labor markets with rates remaining negative in real terms could potentially risk unnecessarily shortening the economic recovery."

U.S. STOCK PREVIEW

Key U.S. news today includes: (1) U.S. government offices and cash Treasury trading closed for Columbus Day but exchanges are open.

Notable Russell 1000 earnings reports today include: none.

U.S. IPO's scheduled to price today: none.

Equity conferences this week: Cerner Health Conference on Mon-Wed, HR Technology Conference on Tue-Fri, National HUBZone Conference on Thu.

OVERNIGHT U.S. STOCK MOVERS

E*TRADE Financial (ETFC -2.36%) was upgraded to 'Buy' from 'Neutral' at Bank of America/Merrill Lynch with a price target of $49.

Yelp (YELP +0.73%) was downgraded to 'Neutral' from 'Overweight' at Cantor Fitzgerald.

Morgan Stanley (MS +0.26%) was upgraded to 'Outperform' from 'Neutral' at Credit Suisse with a price target of $54.

Activision Blizzard (ATVI +0.25%) was downgraded to 'Market Perform' from 'Outperform' at Cowen.

Humana (HUM +0.63%) was downgraded to 'Neutral' from 'Overweight' at JP Morgan Chase.

Goldman Sachs (GS -0.02%) was downgraded to 'Neutral' from 'Outperform' at Credit Suisse.

Express Scripts Holdings (ESRX -2.58%) may open lower this morning after it was downgraded to 'Underperform' from 'Market Perform' at Raymond James.

Viacom (VIA -0.98%) slid over 3% in pre-market trading after it was downgraded to 'Sell' from 'Neutral' at Citigroup who said that Viacom faces the "acute" risk that Charter Communications will stop carrying its content.

Tesla (TSLA +0.44%) fell -0.5% in after-hours trading after CEO Musk tweeted that that the unveiling of its semi-truck would be pushed back to Nov 16 from Oct 26 as the company diverts resources to fix Model 3 bottlenecks and increase battery production for Puerto Rico.

Medtronic Plc (MDT +0.38%) fell 2% in after-hours trading when it said that its Q2 quarterly revenue and earnings would be hurt by $250 million from the impact of Hurricane Maria.

Pershing Square said it cut its stake in Mondelez (MDLZ +0.07%) to 4.97% from a 5.60% stake reported on Sep 27.

Morgan Stanley cut its passive stake in Blue Apron (APRN -1.32%) to 1.4% from a 5.31% stake reported in Aug 2.

MARKET COMMENTS

Dec S&P 500 E-mini stock futures (ESZ17 +0.19%) this morning are up +4.00 points (+0.16%). Friday's closes: S&P 500 -0.11%, Dow Jones -0.01%, Nasdaq +0.12%. The S&P 500 on Friday closed lower on the unexpected decline in U.S. Sep non-farm payrolls by -33,000, which was weaker than expectations of +80,000 and the biggest decline in 7 years. Stocks were also undercut by ramped up expectations for a Fed rate hike in December after U.S. Sep average hourly earnings rose +2.9% y/y, stronger than expectations of +2.6% y/y and the largest year-on-year increase in 8-1/4 years. There were also increased geopolitical tensions that fueled long liquidation in stocks after Russia's news agency reported that North Korea might test a long-range ballistic missile over the weekend.

Dec 10-year T-note prices (ZNZ17 +0.02%) this morning are up +2.5 ticks. Friday's closes: TYZ7 -4.00, FVZ7 -3.25. Dec 10-year T-notes on Friday tumbled to a 5-3/4 month nearest futures low and closed lower on the stronger-than-expected +2.9% y/y increase in U.S. Sep average hours earnings, the most in 8-1/4 years, which bolsters the case for a Fed rate hike in December. There was also an increase in inflation expectations after the 10-year T-note breakeven inflation rate rose to a 1-week high. T-notes recovered most of their losses on increased safe-haven demand after the Russian news agency reported that North Korea plans to test a long-range ballistic missile this weekend.

The dollar index (DXY00 -0.14%) this morning is down -0.11 (-0.12%). EUR/USD (^EURUSD) is up +0.0017 (+0.14%) and USD/JPY (^USDJPY) is down -0.02 (-0.02%). Friday's closes: Dollar Index -0.161 (-0.17%), EUR/USD +0.0019 (+0.16%), USD/JPY -0.17 (-0.15%). The dollar index on Friday fell back from a 2-1/4 month high and closed lower on increased safe-haven demand for the yen after Russia's news agency reported that North Korea would test a long-range missile over the weekend. The dollar was also undercut by dovish comments from Dallas Fed President Kaplan who said, "he's not there yet" on a Fed rate hike in Dec. The dollar rallied to a 2-1/4 month high early after U.S. Sep average hourly earnings rose +2.9% y/y, the largest year-on-year increase in 8-1/4 years, which was hawkish for Fed policy.

Nov crude oil (CLX17 +0.18%) this morning is down -1 cents (-0.02%) and Nov gasoline (RBX17 -0.91%) is -0.0179 (-1.15%). Friday's closes: Nov WTI crude -1.50 (-2.95%), Nov gasoline -0.0526 (-3.26%). Nov crude oil and gasoline on Friday closed lower with Nov crude at a 3-week low. Crude oil prices were undercut by updated weather forecasts that call for Tropical Storm Nate to move away from the bulk of the U.S. oil production rigs in the Gulf of Mexico before it makes landfall on the Gulf Coast Sunday. Crude oil prices were also undercut by the sharp decline in the crack spread, which reduces the incentive for refineries to purchase crude oil to refine into gasoline.

Metals prices this morning are mixed with Dec gold (GCZ17 +0.75%) +10.4 (+0.82%) at a 1-week high, Dec silver (SIZ17+0.83%) +0.16 (+0.95%) at a 1-1/2 week high and Dec copper (HGZ17 -0.12%) -0.005 (-0.17%). Friday's closes: Dec gold +1.7 (+0.13%), Dec silver +0.152 (+0.91%), Dec copper -0.0175 (-0.57%). Metals on Friday settled mixed. Precious metals prices were boosted by increased safe-haven demand after Russia's news agency reported that North Korea would test a ballistic missile over the weekend. Copper was boosted by the -2,675 MT decline in LME copper inventories to a 3-week low. Metals prices were undercut by the stronger-than-expected U.S. Sep hourly earnings report of +2.9% y/y that bolstered the case for a Fed interest rate increase at the Dec FOMC meeting.

GLOBAL EVENT CALENDAR10/09/2017

		Monday, Oct 9
US	n/a	U.S. government offices and cash Treasury trading closed for Columbus Day. Exchanges open.
		Tuesday, Oct 10
US	1000 ET	Minneapolis Fed President Neel Kashkari (voter) speaks at a regional economic conference hosted by his bank.
	1100 ET	USDA weekly grain export inspections.
	1600 ET	USDA crop conditions and progress report.
	2000 ET	Dallas Fed President Robert Kaplan (voter) speaks in a moderated Q&A at a Stanford Institute for Economic Policy Research Associates Meeting.

U.S. STOCK CALENDAR10/09/2017

Name	Ticker	Time	Description	Period	Estimate
Wal-Mart Stores Inc	WMT US		Investment Community Meeting Day - 1

Morning Call 9/20

Barchart Morning Call

Barchart.com - 1 hour ago

OVERNIGHT MARKETS AND NEWS

Dec E-mini S&Ps (ESZ17 +0.03%) this morning are unchanged ahead of the conclusion of the 2-day FOMC meeting today and expected announcement by the Fed of how and when they will reduce their balance sheet. Strength in energy stocks is limiting losses in the overall market with Nov WTI crude oil (CLX17 +1.16%) up +1.16%. Crude prices rose after data late Tuesday from the API showed U.S. crude supplies rose +1.44 million bbl last week, less than expectations of a +3.9 million bbl increase. Also, API reported that U.S. gasoline stockpiles fell -5.06 million bbl last week, more than double expectations for a -2.09 million bbl draw. Global stock markets also found support on optimism in the world economy after the OECD predicted that global 2017 GDP will climb to 3.5%, up from 3.1% in 2016. European stocks are down slightly by -0.15%, as weakness in exporters leads the overall market lower after EUR/USD climbed to a 1-week high. Asian stocks settled mixed: Japan +0.05%, Hong Kong +0.27%, China +0.27%, Taiwan -0.54%, Australia -0.08%, Singapore -0.24%, South Korea -0.01%, India -0.01%. Japan's Nikkei Stock Index eked out a new 2-year high today and found support on strength in the Japanese economy after Japan Aug exports rose a more-than-expected +18.1% y/y, the biggest increase in 3-3/4 years.

The dollar index (DXY00 -0.13%) is down -0.10%. EUR/USD (^EURUSD) is up +0.10% at a 1-week high. USD/JPY (^USDJPY) is down -0.30%.

Dec 10-year T-note prices (ZNZ17 +0.09%) are up +5 ticks.

The Organization for Economic Cooperation and Development (OECD) said that the global economy is getting stronger and more stable and predicts global 2017 GDP of 3.5%, up from 3.1% in 2016, and expanding to 3.7% in 2018, the strongest since 2011.

German Aug PPI rose +0.2% m/m and +2.6% y/y, stronger than expectations of +0.1% m/m and +2.5% y/y.

The Japan Aug trade balance shrank to a surplus of 113.6 billion yen, wider than expectations of +104.4 billion yen. Aug exports rose +18.1% y/y, stronger than expectations of +14.3% y/y and the largest increase in 3-3/4 years. Aug imports rose +15.2% y/y, stronger than expectations of +11.6% y/y.

U.S. STOCK PREVIEW

Key U.S. news today includes: (1) weekly MBA mortgage applications (previous +9.9% with purchase sub-index +10.9% and refi sub-index +8.9%), (2) Aug existing home sales (expected +0.4% to 5.46 million, Jul -1.3% to 5.44 million), (3) FOMC policy decision (no change expected to 1.00%-1.25% fed funds target range but Fed may announce the start date of its balance sheet reduction program), (4) EIA weekly Petroleum Status Report.

Notable Russell 1000 earnings reports today include: General Mills (consensus $0.77).

U.S. IPO's scheduled to price today: Oasis Mainstream Partners (OMP).

Equity conferences this week: D.A. Davidson Engineering & Construction Conference on Wed, Electronic Design Process Symposium on Thu.

OVERNIGHT U.S. STOCK MOVERS

Take-Two Interactive Software (TTWO +1.55%) was initiated as a 'Buy' at Buckingham Research Group with a 12-month target price of $120.

Activision Blizzard (ATVI +0.17%) was initiated as a 'Buy' at Buckingham Research Group with a 12-month target price of $79.

Intuit (INTU +1.07%) was recommended as a new 'Buy' at Argus Research with a price target of $165.

AAR Corp (AIR +3.17%) reported Q1 EPS from continuing operations of 31 cents, right on consensus, although Q1 sales of $439.2 million were better than consensus of $412 million

ServiceMaster Global Holdings (SERV +0.21%) was initiated a new 'Outperform' at Oppenheimer with a 12-month target price of $55.

Evolent Health (EVH -4.86%) was initiated a new 'Overweight' at KeyBanc Capital Markets with a 12-month target price of $23.

Bed Bath & Beyond (BBBY -0.99%) sank over 12% in after-hours trading after it reported Q2 EPS of 67 cents, below consensus of 95 cents as Q2 comparable sales fell -2.6%, weaker than expectations of -0.6%.

Adobe Systems (ADBE +0.53%) slid 3% in after-hours trading after it said it sees Q4 experience cloud revenue growth slowing to about 17% y/y compared with 26% y/y in Q3.

FedEx (FDX +0.43%) lost almost 2% in after-hours trading after it reported Q1 adjusted EPS of $2.51, well below consensus of $3.00, and then lowered on guidance on full-year adjusted EPS to $12.00 to $12.80 from a prior view of $13.20 to $14.00.

Analogic (ALOG -1.75%) fell 3% in after-hours trading after it reported Q4 net revenue of $111.6 million, below consensus of $115.5 million.

Cymabay Therapeutics (CBAY unch) rose almost 4% in after-hours trading after it was initiated a new 'Overweight' at Cantor Fitzgerald with a price target of $16.

Memphite Therapeutics (GEMP +5.93%) climbed 11% in after-hours trading after it said its gemcabene achieved the primary endpoint in two recently completed Phase 2b studies for the treatment of hypercholesterolemia.

Ivanka Therapeutics (IOVA +3.64%) tumbled 6% in after-hours trading after it announced that it intends to offer $50 million of its common stock.

CSci Therapeutics (KOOL +4.31%) surged 16% in after-hours trading after it said its full-year profit margin was 40% versus 23% y/y.

MARKET COMMENTS

Dec S&P 500 E-mini stock futures (ESZ17 +0.03%) this morning are unch. Tuesday's closes: S&P 500 +0.11%, Dow Jones +0.18%, Nasdaq +0.17%. The S&P 500 on Tuesday closed higher on reduced market anxiety after the VIX volatility index dropped to a 6-week low. Stocks were boosted by the unexpected +5.7% increase in U.S. Aug building permits, a proxy of future home construction, to a 2-year high of 1.3 million units, stronger than expectations of -0.8% to 1.22 million. Stocks were undercut by long liquidation pressures ahead of the results of the 2-day FOMC meeting on Wednesday where the Fed is expected to announce the start date for its balance sheet reduction program.

Dec 10-year T-note prices (ZNZ17 +0.09%) this morning are up +5 ticks. Tuesday's closes: TYZ7 -3.00, FVZ7 -1.50. Dec 10-year T-notes on Tuesday fell to a 1-month low and closed lower on the stronger-than-expected U.S. Aug building permits report of +5.7% to a 2-year high and on reduced safe-haven demand with the higher close in stocks.

The dollar index (DXY00 -0.13%) this morning is down -0.095 (-0.10%). EUR/USD (^EURUSD) is up +0.0012 (+0.10%) at a 1-week high and USD/JPY (^USDJPY) is down -0.33 (-0.30%). Tuesday's closes: Dollar Index -0.204 (-0.22), EUR/USD +0.0040 (+0.33%), USD/JPY +0.02 (+0.02%). The dollar index on Tuesday closed lower on strength in EUR/USD which rose to a 1-week high after the German Sep ZEW economic expectations index rose by a stronger-than-expected +7.0 to 17.0. The dollar was also undercut by the U.S. Q2 current account deficit report of -$123.1 billion, which was wider than expectations of -$116.0 billion and the largest deficit in 8-1/2 years.

Nov crude oil (CLX17 +1.16%) this morning is up +58 cents (+1.16%) and Nov gasoline (RBX17 +0.35%) is +0.0081 (+0.50%). Tuesday's closes: Nov WTI crude -0.45 (-0.89%), Nov gasoline -0.0107 (-0.66%). Nov crude oil and gasoline on Tuesday closed lower on expectations that Wednesday's EIA data will show U.S. crude inventories rose +3.4 million bbl and on weakness in the crack spread, which reduces incentive for refineries to purchase crude to refine into gasoline. Crude oil prices were supported by comments from Iraqi Oil Minister Jabbar al-Luaibi who said OPEC should cut its oil output by an additional 1% to help rebalance the global oil market.

Metals prices this morning are higher with Dec gold (GCZ17 +0.58%) +8.8 (+0.67%), Dec silver (SIZ17 +0.70%) +0.151 (+0.87%) and Dec copper (HGZ17 +0.42%) +0.014 (+0.45%). Tuesday's closes: Dec gold -0.2 (-0.02%), Dec silver +0.123 (+0.72%), Dec copper +0.0005 (+0.02%). Metals on Tuesday settled mixed. Metals prices were supported by the weaker dollar and by the unexpected increase in U.S. Aug building permits to the most in 2 years, which is positive for future copper demand. Gold closed lower as a rally in stocks reduced safe-haven demand for gold.

GLOBAL EVENT CALENDAR09/20/2017

		Wednesday, Sep 20
US	0700 ET	Weekly MBA mortgage applications, previous +9.9% with purchase sub-index +10.9% and refi sub-index +8.9%.
	1000 ET	Aug existing home sales expected +0.4% to 5.46 million, Jul -1.3% to 5.44 million.
	1030 ET	EIA weekly Petroleum Status Report.
	1400 ET	FOMC announces policy decision; no change expected to 1.00%-1.25% fed funds target range but Fed may announce the start date of its balance sheet reduction program.
		Thursday, Sep 21
US	0830 ET	Weekly initial unemployment claims expected +16,000 to 300,000, previous -14,000 to 284,000. Weekly continuing claims expected +31,000 to 1.975 million, previous -7,000 to 1.944 million.
	0830 ET	Sep Philadelphia Fed business outlook index expected -1.7 to 17.2, Aug -0.6 to 18.9.
	0830 ET	USDA weekly Export Sales.
	0900 ET	Jul FHFA house price index expected +0.4% m/m, Jun +0.1% m/m.
	1000 ET	Aug leading indicators expected +0.3%, Jul +0.3%.
	1100 ET	Treasury announces amount of 2-year T-notes (previous $26 billion), 2-year floating-rate notes (previous $13 billion), 5-year T-notes (previous $34 billion) and 7-year T-notes (previous $28 billion) to be auctioned Sep 26-28.
	1300 ET	Treasury auctions $11 billion 10-year TIPS.

U.S. STOCK CALENDAR09/20/2017

Name	Ticker	Time	Description	Period	Estimate
General Mills Inc	GIS US	7:00	Q1 2018 Earnings Release	Q1 18	0.765
General Mills Inc	GIS US	8:30	Q1 2018 Earnings Call	Q1 18
Pilgrim's Pride Corp	PPC US	10:30	Analyst Day
Copart Inc	CPRT US	11:00	Q4 2017 Earnings Call	Q4 17
Equifax Inc	EFX US		Investor Meeting
Equifax Inc	EFX US		Investor Meeting
Ameren Corp	AEE US		Fixed Income Meeting
First American Financial Corp	FAF US	20:00	Annual General Meeting

5 NASDAQ 100 Stocks for Momentum Investors

Today I wanted to find 5 stocks that might be of interest to Momentum Investors so I used Barchart to sort the NASDAQ 100 Index stocks first for the most frequent number of new hihgs in the last month, then again for technical buy signals of 80% or more.  Today's Watch List includes:

Electronic Arts (EA), Alphabet (GOOGL), PayPal (PYPL), Activision Blizzard (ATVI) and Lam Research (LRCX)

Electronic Arts (EA)

Barchart technical indicators:

• 100% technical buy signals
• Trend Spotter buy signal
• Above its 20, 50 and 100 day moving averages
• 15 new highs and up 21.05% in the last month
• Relative Strength Index 93.10%
• Technical support level at 95.29
• Recently traded at 109.96 with a 50 day moving average of 90.94

Alphabet (GOOGL)

Barchart technical indicators:

• 96% technical buy signals
• Trend Spotter buy signal
• Above its 20, 50 and 10 day moving averages
• 15 new highs and up 13.23% in the last month
• Relative Strength Index 80.51%
• Technical support level at 953.34
• Recently traded at 952.81 with a 50 day moving average of 871.90

PayPal (PYPL)

Barchart technical indicators:

• 96% technical buy signals
• Trend Spotter buy signal
• Above its 20, 50 and 100 day moving averages
• 15 new highs and up 14.66% in the last month
• Relative Strength Index 83.15%
• Technical support level at 48.96
• Recently traded at 49.39 with a 50 day moving average of 44.17

Activision Blizzard (ATVI)

Barchart technical indicators:

• 100% technical buy signals
• Trend Spotter buy signal
• Above its 20, 50 and 100 day moving averages
• 14 new highs and up 14.15% in the last month
• Relative Strength Index 87.45%
• Technical support level at 53.99
• Recently traded at 55.91 with a 50 day moving average of 49.99

Lam Research (LRCX)

Barchart technical indicators:

• 96% technical buy signals
• Trend Spotter buy signal
• Above its 20, 50 and 100 day moving averages
• 14 new highs and up 16.53% in the last month
• Relative Strength Index 75.75%
• Technical support level at 149.73
• Recently traded at 150.50 with a 50 day moving average of 131.71

MORNING CALL 2/10

Barchart Morning Call

Barchart.com - Fri Feb 10, 6:33AM CST

OVERNIGHT MARKETS AND NEWS

Mar E-mini S&Ps (ESH17 +0.10%) are up +0.07% at a new record nearest-futures high on optimism President Trump's pledge to overhaul business taxes will boost economic growth. Stocks also received a boost after Chinese trade data showed China's Jan exports and imports rose more than expected, a positive sign for the global economy. European stocks erased their gains and are down -0.33% as bank stocks sold-off on political risks from French presidential elections in April along with Greek debt concerns. Asian stocks settled higher: Japan +2.49%, Hong Kong +0.21%, China +0.42%, Taiwan +0.79%, Australia +0.99%, Singapore +0.66%, South Korea +0.36%, India +0.02%. China's Shanghai Composite posted a 1-3/4 month high on signs of strength in China's economy after China Jan exports rose +7.9% y/y, the biggest increase in nearly 2 years and China Jan imports rose +16.7% y/y, the largest gain in 4-years. Japan's Nikkei Stock Index climbed to a 2-week high as exporter stocks rallied on improved earnings prospects as USD/JPY moved up to a 1-week high.

The dollar index (DXY00 +0.21%) is up +0.11% at a 1-1/2 week high. EUR/USD (^EURUSD) is down -0.17% at a 1-1/2 week low. USD/JPY (^USDJPY) is up +0.18% at a 1-week high.

Mar 10-year T-note prices (ZNH17 -0.14%) are down -5 ticks.

Japan Jan PPI rose +0.6% m/m and +0.5% y/y, stronger than expectation of +0.2% m/m and unch y/y with e +0.5% y/y gain the largest year-on-year increase in 1-3/4 years.

The China Jan trade balance widened to a $51.35 billion surplus, larger than expectations of +$48.50 billion and the biggest surplus in a year. Jan exports rose +7.9% y/y, stronger than expectations of +3.2% y/y and the largest increase in 23 months. Jan imports climbed +16.7%, stronger than expectations of +10.0% y/y and the biggest increase in 4 years.

U.S. STOCK PREVIEW

Key U.S. news today includes: (1) Jan import price index (expected +0.3% m/m and +3.3% y/y, Dec +0.4% m/m and +1.8% y/y), (2) preliminary-Feb University of Michigan U.S. consumer sentiment index (expected -0.5 to 98.0, Jan +0.3 to 98.5), (3) Jan monthly budget statement (expected +$45.0 billion, Dec -$27.5 billion), (4) President Trump and Japanese Prime Minister Abe meet in Washington.

Notable S&P 500 earnings reports today include: Interpublic (consensus $0.67), Ventas (1.02), Aon (2.49), CBRE Group (0.81).

U.S. IPO's scheduled to price today: none.

Equity conferences: none.

OVERNIGHT U.S. STOCK MOVERS

Activision Blizzard (ATVI +1.38%) jumped 10% in after-hours trading after it reported Q4 adjusted EPS of 92 cents, well above consensus of 73 cents, and its board authorized a $1 billion stock buyback over the next two years.

CyberArk Software Ltd (CYBR +2.90%) dropped over 3% in after-hours trading after it said it sees full-year EPS of $1.20-$1.24, weaker than consensus of $1.34.

Ellie Mae (ELLI -0.67%) climbed 5% in after-hours trading after it reported Q4 adjusted EPS of 57 cents, better than consensus of 49 cents.

VeriSign (VRSN -0.06%) gained 1% in after-hours trading after it reported Q4 adjusted EPS of 92 cents, higher than consensus of 88 cents.

Seattle Genetics (SGEN +2.11%) slid over 4% in after-hours trading after it said it sees 2017 revenue of $405 million-$445 million, below consensus of $490.5 million.

Columbia Sportswear ({=COLM =}) rose 4% in after-hours trading after it reported Q4 EPS of $1.20, above consensus of $1.10.

Monolithic Power Systems (MPWR -1.00%) slid nearly 7% in after-hours trading after it said Q4 revenue for consumer end market fell to $38 million from $38.6 million y/y, the first year-on-year decline in consumer revenue in over a year.

Trivago (TRVG +0.61%) jumped over 7% in after-hours trading after Expedia said Trivago's Q4 revenue surged +65% y/y to $183 million.

Yelp (YELP +0.19%) tumbled 9% in after-hours trading after it said it sees Q1 revenue of $195 million-$199 million, less than consensus of $204.4 million.

Cliffs Natural Resources (CLF +19.43%) fell 4% in after-hours trading after it announced an offering of 50-million common shares.

Hortonworks (HDP +2.83%) jumped 8% in after-hours trading after it said it sees 2017 GAAP revenue of $235 million-$240 million, above consensus of $234.8 million.

Regal Entertainment Group (RGC +1.16%) gained over 2% in after-hours trading after it reported Q4 adjusted EPS of 33 cents, higher than consensus of 26 cents.

MagnaChip Semiconductor (MX -2.96%) lost 3% in after-hours trading after it said it sees Q1 revenue of $157 million-$163 million, less than consensus of $166.5 million.

Control4 Corp. (CTRL +2.94%) rallied nearly 7% in after-hours trading after it reported Q4 adjusted EPS of 31 cents, better than consensus of 24 cents, and then said it sees 2017 adjusted EPS of 90 cents-98 cents, higher than consensus of 85 cents.

Radisys (RSYS +0.24%) sank nearly 15% in after-hours trading after it said it sees 2017 adjusted EPS of 7 cents-17 cents, below consensus of 25 cents.

MARKET COMMENTS

Mar E-mini S&Ps (ESH17 +0.10%) this morning are up +1.50 points (+0.07%) at a new all-time nearest-futures high. Thursday's closes: S&P 500 +0.58%, Dow Jones +0.59%, Nasdaq +0.30%. The S&P 500 on Thursday posted a new all-time high and settled higher on an unexpected -12,000 decline in U.S. weekly initial unemployment claims to a 2-3/4 month low of 234,000 (versus expectations of +3,000 to 249,000) and on President Trump's comment that he will announce a "phenomenal" tax plan within weeks, which bolstered optimism his tax plans will boost economic growth.

Mar 10-year T-notes (ZNH17 -0.14%) this morning are down -5 ticks. Thursday's closes: TYH7 -14.00, FVH7 -8.50. Mar 10-year T-notes on Thursday closed lower on the -12,000 decline in initial unemployment claims to a 2-3/4 month low and on reduced safe-have demand with the rally in stocks to new record highs.

The dollar index (DXY00 +0.21%) this morning is up +0.11 (+0.11%) at a 1-1/2 week high. EUR/USD (^EURUSD) is down -0.0018 (-0.17%) at a 1-1/2 week low. USD/JPY (^USDJPY) is up +0.20 (+0.18%) at a 1-week high. Thursday's closes: Dollar index +0.37 (+0.37%), EUR/USD -0.0043 (-0.40%), USD/JPY +1.32 (+1.18%). The dollar index on Thursday closed higher on the unexpected decline in U.S. weekly jobless claims to a 2-3/4 month low, which bolsters the case for additional Fed rate hikes, and on optimism that the Trump administration will enact fiscal policies to boost economic growth after President Trump said he will announce a "phenomenal" tax plan within the next 2-3 weeks.

Mar WTI crude oil prices (CLH17 +1.25%) this morning are up +47 cents (+0.89%) and Mar gasoline (RBH17 +1.80%) is +0.0234 (+1.49%). Thursday's closes: Mar crude +0.6 (+1.26%), Mar gasoline +0.0020 (+0.13%). Mar crude oil and gasoline on Thursday closed higher on comments from Qatar Energy Minister Mohammed Al Sada who said OPEC may need to extend its output cuts into the second half of this year to re-balance the market. Gains in crude were limited due to a stronger dollar.

GLOBAL EVENT CALENDAR02/10/2017

		Friday, Feb 10
US	0830 ET	Jan import price index expected +0.3% m/m and +3.3% y/y, Dec +0.4% m/m and +1.8% y/y.
	1000 ET	Preliminary-Feb University of Michigan U.S. consumer sentiment index expected -0.5 to 98.0, Jan +0.3 to 98.5.
	1400 ET	Jan monthly budget statement expected +$45.0 billion, Dec -$27.5 billion.
	n/a	President Trump and Japanese Prime Minister Abe meet in Washington.
		Monday, Feb 13
US	1100 ET	USDA weekly grain export inspections.

U.S. STOCK CALENDAR02/10/2017

Company	Ticker	Time	Event Description	Period	Estimate
Interpublic Group of Cos	IPG US	Bf-Mkt	Q4 2016 Earnings Release	Q4 2016	0.665
Ventas Inc	VTR US	Bf-Mkt	Q4 2016 Earnings Release	Q4 2016	1.024
Aon PLC	AON US	6:30	Q4 2016 Earnings Release	Q4 2016	2.493
CBRE Group Inc	CBG US	6:59	Q4 2016 Earnings Release	Q4 2016	0.806
Aon PLC	AON US	8:30	Q4 2016 Earnings Call	Q4 2016
Interpublic Group of Cos	IPG US	8:30	Q4 2016 Earnings Call	Q4 2016
CBRE Group Inc	CBG US	8:30	Q4 2016 Earnings Call	Q4 2016
Ventas Inc	VTR US	10:00	Q4 2016 Earnings Call	Q4 2016
Mohawk Industries Inc	MHK US	11:00	Q4 2016 Earnings Call	Q4 2016
DENTSPLY SIRONA Inc	XRAY US		Q4 2016 Earnings Release	Q4 2016	0.652
Accenture PLC	ACN US		Annual General Meeting	Y 2017